Public joint-stock company Ukrnafta intends to create its own company to trade with gas and try to import gas from Europe, Ukrnafta head Mark Rollins reported. “We plan to create a trading company, first to trade with own resources, but we will also make experiments and buy some volumes of gas in Europe”, he said.…
Ukraine’s State Property Fund (SPF) announced open auctions to sell property of Kostiantynivska and Myheiska hydroelectric powers plants (HPPs) located on the Southern Bug River. The starting price of the plants is 13.761 million UAH and 10.863 million UAH respectively. The auction to sell Kostiantynivska HPP (Mykolaiv region) will be held on November 22, and…
Zarubezhneft held a meeting of the company’s Board of Directors that considered and approved of a range of the company’s key documents. That was the first Board of Directors’ meeting attended by its new members, namely, the Chairman of the Board of Directors Eugeniy Murov, as well as Board of Directors’ members: Alexey Arkhipov, Alexandr…
The National Nuclear Generating Company Energoatom seeks to raise $250 million from Bank of America Merrill Lynch (BofA-ML) for building a centralized spent nuclear fuel storage facility before October 2017, Energoatom President Yuriy Nedashkovsky reported. “The work has been started. At the end of the summer I signed the contract with Bank of America Merrill…
The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…
Russian Energy Minister Alexander Novak has met with European Commission Vice President for Energy Union Maros Sefcovic and discussed natural gas pipeline projects OPAL, Nord Stream-2 and Turkish Stream, the Russian Energy Ministry said in a statement. Novak and Sefcovic also discussed Russia’s gas exports to Ukraine and the transit of gas through the country…
Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…